$UAI 15-minute contract open interest increased by 4.24%; the price rose 7.78% over the same period.
A fundamental question from a newbie: What is open interest?
Open interest is not the same as money flow: an increase only means that the number of positions held in contracts has grown. It can’t tell you where the money came from or which direction it’s going.
Open interest changed, but my position is still 0—I’m just watching from the sidelines.
Any data only summarizes market movements that have already happened. The market could just as easily move in the opposite direction.
A fundamental question from a newbie: What is open interest?
Open interest is not the same as money flow: an increase only means that the number of positions held in contracts has grown. It can’t tell you where the money came from or which direction it’s going.
Open interest changed, but my position is still 0—I’m just watching from the sidelines.
Any data only summarizes market movements that have already happened. The market could just as easily move in the opposite direction.